FAC Explorer

Audit 371990

FY End
2022-12-31
Total Expended
$5.49M
Findings
1
Programs
3
Organization: US Poultry & Egg Export Council, Inc. (GA)
Year: 2022 Accepted: 2025-11-10
Auditor: FROST PLLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1162179 2022-001 Material Weakness Yes A

Programs

ALN Program Spent Major Findings
10.601 MARKET ACCESS PROGRAM $4.29M Yes 0
10.600 FOREIGN MARKET DEVELOPMENT COOPERATOR PROGRAM $1.07M Yes 1
10.618 REGIONAL AGRICULTURAL PROMOTION PROGRAM $135,372 Yes 0

Contacts

Name Title Type
C19YGKE1FRG9 Amy Myers Auditee
4048823928 Brian Ettehad Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards includes the federal grant activity of USA Poultry & Egg Export Council, Inc. and is presented on the modified cash basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
USA Poultry & Egg Export Council, Inc. has not elected to use the 10% de minimis indirect cost rate as allowed in the Uniform Guidance, Section 206.414.

Finding Details

Finding 2022-001
We recommend the organization establish a more effective review and reconciliation process as a customary part of its accounting process. The organization should develop a standardized system that recognizes transactions such as revenue and expenses in the proper period. The organization should not have accounts receivable in its chart of accounts since it only recognizes revenue when received. It is also important for the organization to maintain support for these transactions and be able to support the period the transaction was recorded.